Vestis (US:VSTS) GlobeNewswire News Room·2025-06-11 20:34Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased securities of Vestis Corporation between May 2, 2024, and May 6, 2025, alleging that the company made materially false and misleading statements regarding its business growth and strategic initiatives [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Vestis Corporation provided overwhelmingly positive statements while concealing material adverse facts about its ability to grow the business and execute strategic initiatives [5]. - Investors who purchased Vestis securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5]. - A lead plaintiff must move the Court by August 8, 2025, to represent other class members in the litigation [1][3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Many attorneys at Rosen Law Firm have received recognition from Lawdragon and Super Lawyers, highlighting the firm's expertise in this area [4].